54ec eligibility 180 days or on month basis ?

734 views 3 replies
User Avatar

Student
37 Points Joined March 2009

Assesse has sold a long term capital asset on 22nd September 2011, amount of long term gain Rs.30 lacs.

So as per Section 54EC what will be the last date for availability of exemption ?

Is it calculated on monthly on monthly basis i.e from September to March (6months) or from 22nd Sept 2011 to 21March 2012 ?

0 Reply Share Follow
On 27 March 2012 at 20:28 Report
Replies (3)
User Avatar

Practicing Chartered Accountant
469 Points Joined January 2010

Section 54EC mentions the time limit to be six months from the DATE OF TRANSFER.. so the 6 months are to be calculated from that date and not frm the month of transfer..

Reply
On 27 March 2012 at 20:44
User Avatar

Chartered Accountnat CS
1585 Points Joined February 2011
Just invest in RECL/ NHAI upto 21 st feb i.e. Six months from date
Reply
On 27 March 2012 at 22:06
User Avatar

Chartered Accountnat CS
1585 Points Joined February 2011
Sorry, upto 21 st march
Reply
On 27 March 2012 at 22:07

Summarize this with AI
ChatGPT Perplexity Claude Google AI Grok

CCI Pro

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Threads

More recent discussions | Post

Related Threads
Loading